On August 12, 2025, the cryptocurrency market welcomes a new round of adjustment. According to OKX exchange data, BTC continues its downward trend, breaking through the key support level of $119,000 during the Asian trading session, reflecting ongoing selling pressure in the digital asset market. Meanwhile, ETH briefly broke through $4,300 before slightly retreating, demonstrating intense volatility between key price levels. This article will delve into the current market dynamics and institutional investor strategies.
BTC Breaks Below $119,000 as Market Experiences Comprehensive Pullback
Bitcoin continues its downward trend, dropping 1.17% during the Asian trading session to $118,900. Breaking below the $119,000 mark reflects ongoing selling pressure in the digital asset market.
OKX exchange data shows that this benchmark cryptocurrency struggles to maintain its support level. Under recent macroeconomic developments, market participants remain cautious about continued volatility.
ETH Briefly Breaks $4,300 Before Slight Retreat
According to OKX market data, Ethereum reached a daily high of $4,302.56 before moderating gains, currently down 0.63%. This second-largest cryptocurrency by market cap continues to test key resistance levels, with market sentiment showing significant fluctuations.
Market observers note that despite recent volatility, ETH demonstrates resilience above $4,000, with traders closely monitoring potential breakthrough opportunities. As blockchain adoption increases, this asset remains a focal point for institutional investors.
